When making a property investment, location, safety, investment potential are major considerations. These defaults remain regardless of the landscape. If anything, they get redefined—as the property trends in the pandemic-induced “new normal” indicate.
Although property owners and buyers are expressing a stronger desire to connect with nature, experts do not see this extending beyond balancing their urban comforts with greenery. A preference for urban living still prevails in Asia, says Victoria Garrett, head of residential for Asia Pacific at real estate consultancy firm, Knight Frank.
See also: How The Singapore Property Market is Responding to Buyers’ Need For Personal Space
“The pandemic has had the biggest role in shaping the divergence in buying preference for Asia and the rest of the world. A major contributing factor has been how well certain countries have handled the pandemic and set themselves up for recovery,” adds Garrett.
This has set up the Asia-Pacific region above US and UK markets. The property markets in countries that have managed to bring the pandemic under control have shown recovery earlier. Here, the experts highlight some of the countries that are experiencing strong interest from local and overseas buyers.